Colombian Motorcycles Market is roaring this year. The start of 2025 was roaring with first quarter sales at 239.711 (+34.7%), the second best quarter ever. Yamaha is market leader, while Honda is fast growing.
Economic Outlook
Colombia’s economy will grow 2.5% in 2025 and 2.9% in 2026, driven by consumption and investment. Inflation will continue declining, though housing and energy costs will remain rigid. Monetary policy will gradually lower rates, while the external deficit will widen due to rising imports and lower remittance inflows.
The policy interest rate will continue its gradual decline to 7.75% by the end of 2025 and 7.25% in 2026. However, this adjustment will depend on the Federal Reserve’s actions, domestic fiscal policy, and exchange rate volatility. The exchange rate is projected at 4,350 pesos per dollar by the end of 2025 and 4,230 by December 2026.
Motorcycle Market Trend and Perspectives
The motorcycles market was very dynamic in the post-pandemic period, with huge growth scored in 2022, peaking the new all-time record and then a deep fall in 2023, hit by currency depreciation and high prices increases.
In 2024, when the currency value recovered over US dollar and inflation rate declined, the two wheeler market was able to fast recover. Full Year 2024 sales have been 804.955 (+19.4%), the second best result ever, thanks to strong second half acceleration.
The start of 2025 was roaring with first quarter sales at 239.711 (+34.7%), the second best quarter ever.
Sales increased both in the motorcycles (+38.1%) and scooter (+22.2%) segments, while the motorcycle remains by far the most relevant.
Looking at top manufacturer’s performance, Yamaha is market leader with new all-time sales record and a 16.3% increase.
In second place AKT (+34.5%), at record as well, followed by the indian Bajaj Auto (+38.8%).
In 4th place Suzuki +33.0%, while Honda in 5th place gains a deep 40.7%
Colombian motorcycles industry heritage
In the last decade the Colombian motorcycle industry was completely transformed becoming not just a lifestyle sector, as in the past, but a key factor in the private mobility, thanks to the expansion of product offer, the fall of prices, the increased care for safety and the youngest generation love.
So today there is a wider range of consumers approaching the purchase of a motorcycle to transport themselves to the university, to their workplaces or working for the new fast developing category of delivery-men, people who use motorcycles to fast deliver everything, from food to goods.
Today in Colombia over 50% of vehicles park is on two-wheeler and in average there is a motorcycles each 5 people living in the country. These data allow to explain why motorcycles are actually an important tool for Colombians, for transportation, for lifestyle and for working as well.
To achieve these outstanding performance a brilliant job has been done by the government, which has progressively changed rules to guide the sector evolution, and by the manufacturers, which have made a tremendous effort to create local facilities and produce high quality-good priced vehicles and related products such as accessories, equipment and special clothing.
In Colombia there are six motorcycle manufacturers (the oldest is active since 1942) which operate assembling in partnership with top international firms, like Honda, Kawasaki, KTM, Kymco, Victory, Yamaha, Suzuki, Hero producing both for domestic market and export.
The Colombian motorcycles market is the third largest in Latin America after Brazil, Mexico and ahead of Argentina.
